2024-04-11 09:56:08 ET
Summary
- The Federal Reserve should raise their Fed funds target rate by 0.25% at their May 1 meeting.
- The Fed's 2% inflation target is considered optimal for economic growth and stability.
- Current interest rates are not historically high, and there is no need for a rate cut, as inflation figures are trending up and employment numbers are strong.
- The latest "core" CPI index figure increased 3.8% year over year.
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The Federal Reserve Needs To Raise Interest Rates 0.25%